517 6th St Racine, WI 53403-1155
This exceptional 2,000 square foot commercial space, located at 517 6th Street in Racine, Wisconsin, presents a unique opportunity for businesses seeking a vibrant downtown location. Currently configured as retail space, this property is adaptable to a variety of uses, including creative office, professional office, or a combination thereof. Situated directly across from the Indian Motorcycle dealership and just blocks from Lake Michigan, this property benefits from high visibility and foot traffic in the heart of Racine's bustling downtown area. The space features two bathrooms and offers a tenant improvement allowance, making it ideal for businesses needing customization. The building boasts a masonry facade, eligible for a facade grant, further enhancing its appeal. Traffic counts average 8,000 vehicles per day, ensuring significant exposure. Lease terms are flexible, ranging from 2 to 5 years, and the property is professionally managed. The space can be divided to accommodate different tenant needs. The asking rent is $8-$10 per square foot annually, on a triple net lease basis. A basement is also included with the property. The property is zoned B4 - Central Business District, reflecting its prime location within the city's commercial core. This is a rare opportunity to secure a highly visible and versatile space in a thriving downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Racine, WIRacine. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.